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Share Price: 483.00
Bid: 481.65
Ask: 481.80
Change: 0.45 (0.09%)
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Azeri oil exports decline 2 pct in Jan-Sept 2014

Wed, 15th Oct 2014 15:58

BAKU, Oct 15 (Reuters) - Azerbaijan's oil exports fell 2percent year-on-year in the first nine months of 2014, a sourceat the State Statistics Committee said on Wednesday, driven bydeclines at fields operated by BP.

The committee source said Azerbaijan exported 25.4 milliontonnes of oil, down from 25.9 million in the same nine months oflast year.

Falling output at the main Azeri, Chirag and Guneshli(ACG)oilfields has raised concerns in Baku.

BP and its partner, Azeri state energy firm SOCAR, have tried to calm those fears, saying production has stabilised.Total oil output grew last year for the first time since 2011.

Azerbaijan's oil and condensate output fell 2.2 percent to32.1 million tonnes in January-September this year from 32.8million in the same period in 2013, the source added.

Exports of oil via Russia through the Baku-Novorossiiskpipeline amounted to 763,594 tonnes in the nine months, downfrom 1.325 million.

Exports through the Baku-Supsa pipeline via Georgia rose to 3.187 million tonnes from 2.985 million, while exports throughBaku-Tbilisi-Ceyhan via Georgia and Turkey were 20.757 milliontonnes, down from 20.890 million.

Oil exports shipped by rail via Georgia rose to 719,265tonnes from 702,549.

BP said earlier this year that ACG oil production in 2014might be slightly lower than in 2013 as the company plannedmaintenance work at the Central Azeri and West Azeri platforms,halting operations for a couple of weeks.

It did not say when the work would start.

Output from ACG fell to an average of 656,000 barrels perday (bpd) in the first half of 2014 from 672,000 bpd in the sameperiod last year, although production in the first half wasstill higher than the average of 645,800 bpd produced in thefirst three months of the year, BP-Azerbaijan said in August. (Reporting by Nailia Bagirova; Writing by Margarita Antidze;editing by Keiron Henderson)

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22 Dec 2023 19:54

More ships carrying oil avoid Red Sea route

HOUSTON, Dec 22 (Reuters) - At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a U.S.-led coalition geared up to help safeguard vessels from attacks by Yemen's Houthi militants.

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22 Dec 2023 19:29

More ships carrying oil avoid Red Sea route

HOUSTON, Dec 22 (Reuters) - At least two ships transporting oil or oil products between the U.S. Gulf Coast and India on Friday were re-routing from the Red Sea, according to vessel tracking data, as a U.S.-led coalition geared up to help safeguard vessels from attacks by Yemen's Houthi militants.

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22 Dec 2023 19:24

Equinor takes stakes in 2 Angola oil exploration blocks

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22 Dec 2023 19:20

Equinor takes stakes in 2 Angola oil exploration blocks

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22 Dec 2023 11:00

US offshore wind poised for success next year after turbulent 2023

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20 Dec 2023 18:16

US Gulf of Mexico oil auction is largest since 2015

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20 Dec 2023 17:37

US Gulf of Mexico oil auction raises $382 million in high bids

Dec 20 (Reuters) - A Biden administration auction of Gulf of Mexico drilling rights raised more than $382 million on Wednesday, the highest total for a federal offshore oil and gas auction since 2015.

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20 Dec 2023 15:36

Shipping container price surge to reverse due to overcapacity -logistics platform

MUMBAI, Dec 20 (Reuters) - Higher prices for containers used by merchant ships caused by attacks on Red Sea shipping are likely to fall back in three to nine months to levels seen in early December due to market overcapacity, the head of an online container logistics platform said on Wednesday.

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20 Dec 2023 15:05

London close: Stocks rise as UK inflation slows further

(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.

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19 Dec 2023 20:11

Norwegian Johan Sverdrup crude prices soar on Red Sea shipping issues

LONDON, Dec 19 (Reuters) - Prices for Norway's Johan Sverdrup crude soared on Tuesday, a move traders said could be linked to mounting concerns around the security of crude flows into Europe following maritime attacks by Yemen's Houthis in the Red Sea.

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19 Dec 2023 19:10

US launches Red Sea force as ships reroute to avoid attacks

Crisis is spillover from Israel-Hamas war

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19 Dec 2023 17:14

Shippers mask positions, weigh options amid Red Sea attacks

Dec 19 (Reuters) - A number of container ships are anchored in the Red Sea and others have turned off tracking systems as traders adjust routes and prices in response to maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.

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19 Dec 2023 17:01

LONDON MARKET CLOSE: Stocks close higher ahead of UK inflation data

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19 Dec 2023 15:02

London close: Stocks manage gains amid holiday slowdown

(Sharecast News) - London's financial markets showed resilience on Tuesday, maintaining positive momentum despite the usual holiday slowdown.

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